Garmin Reports Fourth Quarter Results with Increased Global Market Share and Significant Inventory Reduction

Return on invested capital (ROIC)

Management defines return on invested capital (ROIC) as net operating profit after taxes divided by operating invested capital. Management believes that ROIC provides greater visibility into how effectively Garmin deploys capital. ROIC is not a measure of financial performance under accounting principles generally accepted in the United States (GAAP), and may not be defined and calculated by other companies in the same manner as Garmin does. ROIC should not be considered in isolation or as an alternative to net income as an indicator of company performance.

The following table contains a GAAP reconciliation of return on invested capital.

Garmin Ltd. And Subsidiaries
Return on Invested Capital (ROIC)
(in thousands)
   
52-Weeks Ended
December 27,

December 29,

2008   2007
Net Operating Profit After Taxes (NOPAT):
Operating Income (EBIT) $ 862,017 $ 907,351
Less: Taxes on Operating Income   ($181,518 )     ($123,262 )
Net Operating Profit after Taxes (NOPAT) $ 680,499     $ 784,089  
 
Invested Capital (IC):
Total Assets $ 2,890,990 $ 3,291,460
Less: Cash & Marketable Securities ($971,230 ) ($1,132,194 )
Less: Deferred Income Taxes ($49,825 ) ($107,376 )
Less: Non-Interest Bearing Current Liabilities   ($445,585 )     ($801,883 )
Operating Invested Capital (IC) $ 1,424,350     $ 1,250,007  
     
Return on Invested Capital   48 %     63 %
 

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7  Next Page »



Review Article Be the first to review this article


Featured Video
Jobs
GIS Specialist for Olsson Technology at Overland park, Kansas
Body Structure Engineer (Entry Level) for HATCI at Superior Twp, California
GIS Specialist for ERDMAN at Madison, Wisconsin
Upcoming Events
The United Nations World Geospatial Information Congress (UNWGIC) at Deqing, Zhejiang Province China - Nov 19 - 21, 2018
GIS4SmartGrid 2018 at Radisson Blu Palace Hotel Amsterdam Netherlands - Nov 20 - 22, 2018
Esri WAMEA UC 2018 at Dubai World Trade Centre Dubai United Arab Emirates - Dec 11 - 13, 2018
GeoBuiz Summit 2019 at A-145, SECTOR-63 NOIDA India - Jan 14 - 15, 2019
Penn State
Teledyne Optech
Teledyne:



Internet Business Systems © 2018 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation TechJobsCafe - Technical Jobs and Resumes  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise